Latest news with #AmericaMovil
Yahoo
22-05-2025
- Business
- Yahoo
The Street Expects America Movil To Report Massive Earnings Growth For This Quarter
America Movil shows improving price performance, earning an upgrade to its IBD Relative Strength Rating from 80 to 84. Can it continue?
Bloomberg
30-04-2025
- Business
- Bloomberg
Loose Cigarettes, Shorter Calls Mark Slowdown for Mexican Firms
As US tariff threats continue to wreak havoc on the Mexican economy, consumers are cutting back on everything from cell service and coffee to cigarettes and tequila. That's hitting the country's biggest companies including billionaire Carlos Slim's wireless provider America Movil SAB and retail conglomerate Femsa. America Movil said that 821,000 prepaid customers disconnected their service in Mexico, while others were making shorter calls to save money.
CNA
30-04-2025
- Business
- CNA
America Movil forecasts $6.7 billion capex for 2025
MEXICO CITY :An executive of Mexican telecoms giant America Movil said Wednesday that the company's capital expenditure for 2025 would be $6.7 billion, below the $7.1 billion capex in 2024. "It's only because we're seeing a slow down in all the economies. We have been investing a lot... with the slowdown that will reduce the capex to $6.7 (billion), that is what we decided yesterday," said finance chief Carlos Garcia in a call with investors following the company's first-quarter results. "I think the reduction this year will not increase the normal guidance of capex for next year.. I don't know, but we feel we can save some capex for the future," he added. Garcia said the company, which is controlled by the family of Mexican billionaire Carlos Slim, was also monitoring a telecoms law proposal by President Claudia Sheinbaum and offering its views to lawmakers. Sheinbaum has argued the controversial telecommunications bill would prevent foreign governments from broadcasting political or ideological propaganda in Mexico, while critics have said it would promote state control of the sector. America Movil on Tuesday reported a 39 per cent jump in its first-quarter net profit to 18.70 billion pesos ($914.07 million, compared to the same period in 2024, citing an increase in operating profit and a decrease in financing costs. Revenues of the company came in at 232.04 billion pesos for the period, up 14 per cent year on year and just short of an LSEG average forecast of 233.3 billion pesos.
Reuters
30-04-2025
- Business
- Reuters
America Movil forecasts $6.7 bln capex for 2025
MEXICO CITY, April 30 (Reuters) - An executive of Mexican telecoms giant America Movil said Wednesday that the company's capital expenditure for 2025 would be $6.7 billion, below the $7.1 billion capex in 2024. "It's only because we're seeing a slow down in all the economies. We have been investing a lot... with the slowdown that will reduce the capex to $6.7 (billion), that is what we decided yesterday," said finance chief Carlos Garcia in a call with investors following the company's first-quarter results. "I think the reduction this year will not increase the normal guidance of capex for next year.. I don't know, but we feel we can save some capex for the future," he added. Garcia said the company, which is controlled by the family of Mexican billionaire Carlos Slim, was also monitoring a telecoms law proposal by President Claudia Sheinbaum and offering its views to lawmakers. Sheinbaum has argued the controversial telecommunications bill would prevent foreign governments from broadcasting political or ideological propaganda in Mexico, while critics have said it would promote state control of the sector. America Movil on Tuesday reported a 39% jump in its first-quarter net profit to 18.70 billion pesos ($914.07 million, compared to the same period in 2024, citing an increase in operating profit and a decrease in financing costs. Revenues of the company came in at 232.04 billion pesos for the period, up 14% year on year and just short of an LSEG average forecast of 233.3 billion pesos.
Time of India
30-04-2025
- Business
- Time of India
Mexican telecoms giant America Movil posts 39% jump in first-quarter profit
MEXICO CITY: Mexican telecommunications giant America Movil on Tuesday reported a 39% jump in its first-quarter net profit compared to the same period in 2024, citing an increase in operating profit and a decrease in financing costs. The company, which operates across over 20 countries in Europe and Latin America, posted a net profit of 18.70 billion pesos ($914.07 million) in the quarter. Revenues of the company, controlled by the family of Mexican billionaire Carlos Slim , came in at 232.04 billion pesos for the period, up 14% year on year and just short of an LSEG average forecast of 233.3 billion pesos. America Movil said its core earnings, or earnings before interest, taxes, depreciation and amortization (EBITDA), rose 13% in the quarter to 91 billion pesos. The company added 2.4 million net post-paid customers in the quarter, driven by gains in Brazil, Colombia and Mexico. There were 1 million disconnections in the pre-paid segment due to declines in Mexico and Brazil, America Movil said. Company executives said in February they were monitoring pre-paid clients in Mexico on concerns of a slowdown in the local economy.
